States see sharp rise in fiscal and revenue deficits in Q1 of FY 2020-21: Ind-Ra

While their aggregate fiscal deficit reached 40.7% of the budgeted amount for FY21 against 13.4% for the same period last year, the total revenue deficit hit 285% of this year’s budget estimate against 12.9% a year ago, according to an analysis of the finances of 18 states by India Ratings and Research (Ind-Ra).

from Economy-News-Economic Times https://ift.tt/3n6zaWB